An analyst summarizes a government report and includes it in a client presentation without citation. Has she violated the Standards?

(A) Yes, because all sources must be cited.
(B) No, because government reports are public information.
(C) Yes, unless the report is paraphrased.
(D) Yes, because only firm-approved sources may be used.

The answer is: (B) No, because government reports are public information.
Public information (government, regulatory filings) does not require citation.